Aon Benfield gives more accurate advice to customers by using detailed building information

Reinsurance broker Aon Benfield analyses the risk of natural disasters for its clients. To this end, address and building information from Belmap is used to enrich the client data so modelling can be done more accurately.

Aon Benfield offers reinsurance solutions and gives
professionals advice about capital and risk management. One of the most important foundation pillars
in preparing this advice is modelling all possible scenarios with regards to
their financial impact on the balance sheet of the insurance company.

The challenge

The more detailed information insurance companies have
about a building that needs to be insured, the more precise they can be in
terms of mapping the risks. Besides address information, it is also crucial to
gather data about the physical characteristics of a building, the surrounding
buildings, the area, etc. A
time-consuming process for which Aon Benfield called upon GIM's expertise.

Jürgen Wielandts - Aon Benfield: "For us, Belmap is a valuable source to be able to quickly and reliably identify risks associated with buildings."

The solution

GIM uses Belmap, the source par excellence for
location-specific information on buildings and addresses in Belgium. Belmap
integrates high-quality location data from different sources and consolidates
them into 7 clear themes.

For each building Belmap includes physical
characteristics such as surface area, height, building type and distance from
neighbouring buildings. A distinction is made between apartment buildings and
detached, semi-detached and enclosed buildings.

The result

Aon Benfield now has the necessary insights to
determine the exact geographical position and characteristics for each address,
down to the level of the individual building. This way the insurance broker can
perform its actuarial assessments more accurately.